Iceland Close to Icesave Deal with UK, Dutch

Iceland is within days of reaching a deal with Britain and the Netherlands on repaying the more than $5 billion paid to Landsbanki Icesave accounts holders after the bank collapsed, according to a report late on Saturday. Britain and the Netherlands covered the losses of British and Dutch account holders in the Icesave accounts after the Icelandic bank collapsed in Oct. 2008 and have been trying to recover the money from recession-hit Iceland. – Reuters